Isle of Wight
£110,000 Solent Futures SME Fund Recipient - April 2014
Cheetah Marine is a long established family run business that went into production in 1991 designing and building bespoke catamarans based on each customer's specific requirement. The company has gone from manufacturing small fishing catamarans to a range of internationally recognised power catamarans and are now in their 25th year of production and continue to lead Europe in the specialist design and construction of power catamarans.
The company requested funding to support the planned growth of the business.
Sean Strevens, Founder and Partner of Cheetah Marine, said:
The LEP 20% grant towards a capital investment has given us the confidence to go ahead with a project which will increase our manufacturing efficiency as well as give us more space to invest into new developments. We are continuously developing our catamaran designs to suit wider global market potential and with the LEP help this becomes more realistic.